China's Economic Rebound Stalls, Raising Concerns for Global Growth
TL;DR Summary
China's economy grew 6.3% in the second quarter, falling short of expectations, while retail sales slowed, indicating that the country's post-COVID economic revival is faltering. Other concerning data includes disappointing trade figures, a surge in youth unemployment, and low inflation. Investors reacted negatively to the news, and economists expect the ruling Politburo to discuss implementing a stimulus package to boost growth.
- China's economy falters as latest growth, retail sales data disappoints Business Insider
- China's Economy Is Stuttering, Posing a Challenge for Global Growth The New York Times
- H1 financial data shows real economy strongly supported: Experts CGTN
- China can keep its economy steady without rushing into lower interest rates South China Morning Post
- China's Economic Rebound Hits a Wall The New York Times
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